Magic Eden recently Cross-Chain Reward Program This encourages the use of popular NFT marketplaces across Solana, Bitcoin, Ethereum, and Porygon and provides opportunities related to new multichain wallets.
In addition to the rewards program, Magic Eden recently announced: We are working with a new non-fungible DAO to open source our issuance and trading protocols.. The DAO they are working with has plans to launch tokens called “NFTs” that will be used to reward traders.
According to Magic Eden, the rewards program is designed to reward NFT traders, collectors, and creators alike. Users of the Magic Eden Marketplace can earn points in the form of “diamonds” or other recent cryptocurrency incentive programs.
Magic Eden has not disclosed any information about what the diamonds will be used for or whether they can be redeemed in any way. However, Magic Eden general manager Tiffany Hwang said: decryption In a recent interview, it was said that people using Magic Eden’s protocol will likely receive NFT tokens launched by the Non-Fungible DAO.
As a nod to Magic Eden’s roots at Solana, which first launched the NFT marketplace, the Diamond Program is giving back to the “Solana OG” with a retroactive drop released on Friday. Claims will be accepted until March 3rd.
Points are distributed daily, and an undisclosed amount of diamonds is revealed each day. The diamonds you earn are determined by what percentage of your total activity you have that day. So on busy days with high traffic, you may earn fewer diamonds than usual.
how to get diamonds
Fortunately, Magic Eden has revealed a ton of information on how to maximize your diamond earning potential. there is three blogs We recently posted a program overview on our website, but I’ll summarize it here.
The main ways to acquire diamonds are by simply purchasing NFTs, listing them, or making collection offers. However, there are a few ways you can enhance your diamonds.
When purchasing NFTs, you can get more diamonds when purchasing in bulk. When it comes to sales, users can get diamonds for as long as the listing lasts, but they can get more diamonds depending on how close the listing is to the collection’s floor price. The closer your listing is to the lowest price, the more diamonds you will receive.
Offers, or “bids,” work similarly to listings. Users can earn diamonds by submitting a collection proposal to one of Magic Eden’s top 100 collections by volume. Like listings, users can get more diamonds based on how close their offer is to the collection’s floor price.
Certain “trending” collections also come with a 50% diamond bonus. kleinosaurusFor example, the bonus currently applies to diamonds earned by interacting with collections through Magic Eden.
Another way to increase your diamonds is through loyalty points. 100% loyalty points equals a 100% bonus in diamonds generated. The loyalty points themselves are determined by your loyalty to Magic Eden. You can increase your loyalty points by registering and purchasing NFTs exclusively through Magic Eden.
Good luck with your diamond mining!
Editor: Andrew Hayward
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